How to buy Ackman & Loeb at a discount

If you're a retail investor and want to invest alongside fund managers Bill Ackman and Dan Loeb buying one of their offshore vehicles may be the best option.

Pershing Square Holdings (Euronext Amsterdam: PSH-NL) trades on the Amsterdam stock exchange, while Third Point Offshore Investors (London Stock Exchange: TPOU-GB) trades in London. Both funds have strategies similar to their onshore counterparts.

The "Halftime Report" experts debated the pros and cons of retail investors buying these funds.

Trader disclosure: On March 28, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Josh Brown: Long AAPL, BABA, DE, DNKN, JMBA, LOW, LNKD, SAM, SHAK, SPWR, TWTR, XLE, XON

Pete Najarian: Long AAPL, AMZ, BAC, CYH, DAL, DOW, EGO, FIT, HAIN, HOG, KO, KSS, LC, LPX, MDLS, MET, MSFT, MXIM, NEM, POT, SCHW, SLW, TCK, UAL, WYNN, ZIOP, EWZ, GDX, SLV, COP, LVS. Long calls AAPL, BAC, BMY, DIS, DISCA, GE, KMI, KMI-A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB. Long puts CHK, DB, HAB, HES, PBR, RY, VLO

Stephanie Link: Long AAPL, APC, AVGO, BAC, CB, CCL,COST, CRM, CSCO, CVX, DAL, DLPH, DOW, ESRX, GOOG, GOOGL, GS, HDS, HON, JPM, LOW, LPX, LRCX, LULU, MCD, MGM, MSFT, PF, PG, PH, PM, PPG, PRU, RTN, SLB, STI, SWK, SYF, TJX, UNH, URI, V, WBC, WFC, WHR

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